Ideanomics’ MEG Secures Its First Order for Qingdao EV Hub
Ideanomics’ Mobile Energy Global (MEG) division has today announced its Qingdao subsidiary Qingdao Chengyang Ainengju New Energy Sales and Service Co., Ltd has secured its first EV order from a Hangzhou-based customer for 130 EV units from SAIC’s Roewe brand. The order value is approximately RMB…
China To Enforce Electric Vehicle Safety By 2021
Thermal runaway in electric vehicles (EVs) is a major concern for potential consumers, manufacturers and regulators, as thermal runaway of lithium ion batteries is the main cause of fires in EVs. Several high-profile vehicle fires, stationary energy storage fires in South…
China Invests In EV Charging Infrastructure To Offset Coronavirus Economic Slump
The response by the Chinese and US governments to the economic slowdown caused by the coronavirus could not be more different. The US is shoveling truckloads of taxpayer money to wealthy corporations, especially oil and gas companies. China is investing…
WiTricity Technology Integral To China’s Wireless EV Charging Standard
WiTricity’s patented technology is foundational to the Chinese national standard (GB standard) for wireless electric vehicle (EV) charging ratified and published by the China Electricity Council (CEC). Standardization is critical to large-scale deployment of wireless charging for EVs both in China and…
Ideanomics’ MEG Signs Agreement With Beijing Xenning Green For EV Procurement And Financing
Ideanomics’ MEG division has announced an agreement with Beijing Xinneng Green Intelligent Network Technology Co., Ltd. (BXGI) to help finance the replacement of its urban fleet with electric vehicles (EVs) in China over the next five years, starting in 2020….
Ideanomics’ MEG Finalizes Operational EV And Energy Business Units
Ideanomics’ Mobile Energy Global (MEG) division has today announced it has finalized its EV and Energy business units under the S2F2C (Sales-to-Financing-to-Charging) model. Each business unit has been developed to focus on a key area of revenue, and is part…
Chinese Startup NIO Gains $1 Billion State Funding To Chase Tesla
Chinese electric-car maker NIO sealed a 7 billion yuan ($1 billion) deal with a group of state investors. Many consumers, while admiring NIO’s vehicle models, have been on the fence about making a purchase, as they feared the Nasdaq-listed auto…
Tesla-Inspired Xpeng Motors Unveils Model 3 Competitor Despite Autopilot Lawsuit
China’s Xpeng Motors recently unveiled its answer to the Tesla Model 3, the P7 sedan. The vehicle is impressive, packing up to 440 miles of range per charge under NEDC standards at a price that undercuts more established rivals. But…
China Promises Subsidies To Boost Falling Electric Car Sales
China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model. Subsidies and tax breaks that were due to end this year will be extended by two…
Volkswagen’s Seat Brand Postponed China Entry
The China market entry of Volkswagen Group’s Seat brand, where it was to develop a small electric vehicle, has been postponed by changing business conditions and a revision of VW Group’s strategy. Interim CEO Carsten Isensee announced the change in plans…
